richard hyman news and archive

UK weather affecting retail sales

Hopes of a high street recovery could be washed away this Wednesday, with lacklustre quarterly figures expected to cap off the wettest May on record. Analysts expect retail sales to be down as much as 5 per cent on the same period last year. A rainy Bank Holiday weekend would complete a May soaking for a sector already suffering from weak...

Fashion

Online retail challenges traditional retailers

Online retailers are gaining ground and are catching up to department stores. Richard Hyman, chairman of Verdict Research, the leading retail consultancy, told Cantos, the online PR service, that figures show that online shopping is now almost equal in value to that of department store sales. He also said that traditional department stores will...